BILL ANALYSIS Ó AB 2520 Page 1 Date of Hearing: May 4, 2016 ASSEMBLY COMMITTEE ON APPROPRIATIONS Lorena Gonzalez, Chair AB 2520 (Rodriguez) - As Amended April 14, 2016 ----------------------------------------------------------------- |Policy |Higher Education |Vote:|12 - 1 | |Committee: | | | | | | | | | | | | | | ----------------------------------------------------------------- Urgency: No State Mandated Local Program: NoReimbursable: No SUMMARY: This bill requires the California Student Aid Commission (CSAC) to report to the Legislature and the Governor, by the 2017-18 academic year, on measures to increase student participation in state and federal financial aid programs, and requires the commission's recommendations to include: 1)At least one measure to encourage and support high school pupils in completing and submitting the Free Application for Federal Student Aid (FAFSA). AB 2520 Page 2 2)At least one measure to address the barrier of a student who is unable to access his or her parents' financial information in order to complete and submit the FAFSA. FISCAL EFFECT: One-time General Fund cost of $50,000 for CSAC to complete the report prior to the 2017-18 academic year. COMMENTS: Purpose. According to the author, the rising cost of a higher education is burdensome for anyone planning to attend college, but for low-income students it is particularly discouraging. In 2014, the Education Trust-West (ETW) did an analysis of the FAFSA and Cal Grant application data from CSAC and found that, while the number of completions increased from the previous year, there is still a large percentage of eligible students that did not apply for financial aid. The Institute for College Access and Success (TICAS) also found only 33% of California community college students apply for financial aid, compared to 46% in other states. Analysis Prepared by:Chuck Nicol / APPR. / (916) 319-2081 AB 2520 Page 3